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Invictus Energy Limited ( (AU:IVZ) ) has issued an announcement.
Invictus Energy Ltd has completed the final review of their Petroleum Production Sharing Agreement and is set to execute it soon. The company plans to conduct 3D seismic surveys and further appraisal drilling at the Mukuyu gas field while preparing for an exploration drilling campaign targeting the Musuma prospect. Their strategic capital raise of US$10 million in Zimbabwe was successful, with an additional US$2 million oversubscription, indicating strong investor interest. These steps are integral to Invictus Energy’s transition from exploration to development, enhancing its industry position and potentially offering lucrative partnerships.
More about Invictus Energy Limited
Invictus Energy Ltd is an independent upstream oil and gas company headquartered in Perth, Australia, with offices in Harare, Zimbabwe. The company is transitioning from an explorer to a developer following a significant gas discovery at the Mukuyu field in the Cabora Bassa Basin in Zimbabwe. Invictus Energy is committed to safe, ethical, and responsible operations, emphasizing respect for the environment, staff, contractors, and communities.
YTD Price Performance: -1.25%
Average Trading Volume: 1,517,185
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$126.7M
For an in-depth examination of IVZ stock, go to TipRanks’ Stock Analysis page.
